Ways to destroy your #trading capital:
• Trading too big.
• Trade without a plan.
• Listen to other traders tips.
• No stop loss.
• Take profits too soon.
• Trade markets without liquidity.
• Use a shady broker.
• Trade against the trend.
Acceptance will help you to become a better #trader:
1) Accept to stay at the sidelines
2) Accept that you will have losses
3) Accept that you don't catch the bottom/top
4) Accept 10 losses in a row
5) Accept that your next trade will probably be a loser
What's missing?
10 #trading mistakes I did in the past:
1) System hopping
2) No exit strategy
3) Focused on money
4) Ignored market trend
5) Ignored psychology
6) Traded volatile stocks
7) Traded already broken out stocks
8) Too much risk
9) Listed to other people
10) Hope instead of action
10 tips to improve your #trading now:
1) Use a stop loss
2) Calculate position sizes
3) Use trailing stops
4) Ignore penny stocks
5) Trade with the trend
6) Ignore stocks <200 MA
7) Use a stock screener
8) Risk only 1% of your capital
9) Shut down news
10) Start a trading journal
You want #financial#freedom?
• Start a #business.
• Become a #trader.
• Develop the right financial behavior.
• Produce, stop consuming.
• Read the right books.
• Meet helpful people.
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